HOUSTON — Palladium USA has begun the construction of Palladium Park Row Katy Living, a $33 million project in Houston. Once completed, the property will feature 93 units in one-, two- and three-bedroom layouts. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubhouse with a mini kitchen.
Palladium USA expects to deliver the first units, as well as the clubhouse, in December 2025. Pre-leasing is slated to begin in the fall of 2025.
The development is the result of a public-private partnership between Palladium USA and the Harris County Housing Finance Corp. HEDK Architects designed the community. Brownstone Group is the general contractor.
Financing sources for the project include $15 million of 9 percent housing tax credits from the Texas Department of Housing and Community Affairs; $13.3 million of equity and $12 million of long-term debt from PNC Bank; and $5 million of ARPA funding from Harris County.